Financial professionals and entities under the supervision of the Luxembourg Financial Sector Supervisory Commission (CSSF) are required to participate in the 2023 financial crime survey, the regulator in a press release on Wednesday 22 November, which includes updated questions and an innovative application programming interface (API) for streamlined data submission.

This annual survey, commencing on 19 February 2024, is designed to collect essential data on money laundering and terrorism financing (ML/TF) risks. Participants must provide information regarding their exposure to these risks and the measures they have implemented for mitigation.

The 2023 survey largely mirrors its predecessor, with some modifications. The CSSF has updated the country list to include Palestine (ISO code PS), requiring participants to adjust their related data extracts accordingly. All final submissions for this survey must be completed via the CSSF eDesk portal by 1 April 2024.

To streamline the survey process, the CSSF is introducing a new API solution. This technology enables the automatic pre-population of the survey using a structured exchange file in json format, transmitted through the S3 (simple storage service) protocol. Despite this advancement, the option for manual input on the eDesk platform remains available.

Additionally, the CSSF plans to release a dedicated user guide soon that will provide technical details and enrollment procedures. The primary responsibility for completing the survey falls to the compliance officer in charge.